8. Date distributions must begin:

Traditional IRA

Must begin in year owner turns 70 ½.  

Qualified Retirement Plan

Can delay taking minimum distributions beyond 70 ½ if you still continue to work for that employer and you are not a 5% or more owner of the company.

9. 72(t) distributions:

Traditional IRA

Yes.

Qualified Retirement Plan

Only if plan allows.

10. Naming beneficiaries:

Traditional IRA

Owner can name non-spouse beneficiaries without spousal consent.

Qualified Retirement Plan

Spousal consent required to name person other than spouse.

11. Payout to non-spouse beneficiaries:

Traditional IRA

Individual beneficiaries have the option to stretch payouts over their own life expectancy.

Qualified Retirement Plan

Limited to options offered by plan, generally one to five year.